There are some sensible things being written here and some silly things.
The business is now worth less. If you think markets will bounce back quickly, the value will also bounce back quickly and the $5 could still be on. If you think that a 10% correction is now locked in, then ifl has probably lost 20% of it value as it is asset dependent. So bids will drop to $4 plus a bit if we are lucky.
As for Wyllie looking for suitors? He does not own the business and cannot sell it. He has no special or extra connections.
‘History suggests that it’s likely that a 10% correction may be locked in. This will still see a rise/recovery in markets over coming months after volatility. ASX 200 up by over 6% and Dow up by 10% from its lows. Who knows what lows it may hit along the way. But markets like to correct the sp of overpriced companies every 5 to 8 years. They look for an excuse. Have a look at hub24 - down 30%.
IFL Price at posting:
$3.72 Sentiment: Hold Disclosure: Held
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